JXX vs QQQ
Janus Henderson Transformational Growth ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | JXX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.18% | |
| AUM | $25M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 24 | 108 | |
| YTD Return | +12.54% | +16.64% | |
| 1Y Return | +20.37% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 23.9% | 30.6% | |
| Max Drawdown | -23.7% | -83.0% | |
| Fund Family | Janus Henderson Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 4, 2025 | Mar 10, 1999 |
JXX vs QQQ Performance
Janus Henderson Transformational Growth ETF (JXX) is a ETF from Janus Henderson Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JXX returned +20.37% while QQQ returned +27.27%. Year to date, JXX is up 12.54% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 23.9% for JXX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.7% for JXX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JXX charges 0.57% per year while QQQ charges 0.18%. On a $10,000 position that is $57 vs $18 annually, a gap of $39 per year that compounds over a long holding period. On income, JXX currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
JXX and QQQ share 8 holdings out of 117 unique holdings combined, representing a 13.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JXX or QQQ?
JXX has an expense ratio of 0.57% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, JXX or QQQ?
Over the past year JXX returned +20.37% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), JXX annualized +15.46% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JXX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 23.9% for JXX. Worst drawdown: JXX -23.7% vs QQQ -83.0%.
Should I hold both JXX and QQQ?
JXX and QQQ have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JXX and QQQ?
JXX and QQQ share 8 common holdings with a 13.0% weight overlap. Combined, they hold 117 unique securities.
Which pays a higher dividend, JXX or QQQ?
JXX yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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